MyAdvertisingPays abandon US, gear up for reboot

The MyAdvertisingPays website domain was registered in June 2013, with the scheme launching a few months later.

As we approach the end of 2015, that brings us to the typical two-year lifecycle of online Ponzi schemes, after which time liabilities racked up truly spiral out of control.

Typically what we see with such schemes at this point is either a collapse, regulatory shutdown (following an investigation having been carried out for months) or a compensation plan change.

No doubt in an attempt to stave off a collapse, and possibly aware regulators are closing in on them in the US, October 13th saw MyAdvertisingPays announced “The Most Important Update Ever Released!”.

In the update, MyAdvertisingPays buried their abandoning of US operations towards the end of the update:

After careful consideration and extensive consultation with our Legal Team, MAP Executives, Tax Advisors, Financial Advisors and European MAP Leaders, we have unfortunately decided to completely pull out of the American marketplace.

The official reasons cited for terminating US operations makes little sense:

It simply isn’t profitable for us to remain engaged there. Over 90% of our business already comes from Europe, while we are catering to the US members by operating in US currency.

It doesn’t make good business sense to continue operating in a place and expending valuable resources in a market that’s steadily declining.

It seems iPayout learned little from that experience, with it still soliciting business from the MLM underbelly.

In early 2014 the processor did announce a compliance overhaul, but as evidenced of their continued affiliation with schemes committing financial fraud, that appears to have been little more than lip-service.

In an attempt to put as much distance between themselves and US regulators, MyAdvertisingPays have moved to segregate US invested funds from the rest of the scheme.

Current US members can no longer purchase credit packs.

If you are an American member, even though Profit-Share earnings are not guaranteed, your currently held credit packs will be paid off completely over an extended time-frame.

The extension will be due to the loss in profit we will obviously have from the American market.

The America profit-share system is now separated from the International profit-share system. The US-PS system will pay out profits according to advertising purchased by American participants.

Whether or not iPayout or MyAdvertisingPays themselves are aware of a US regulatory investigation into the scheme is unclear. But something clearly has them spooked.

The CEO and Founder of MyAdvertisingPays is Mike Deese, a US citizen.

Deese’s last known whereabouts was Mississippi in the US. Whether or not he’s still in the country is unclear.

One interesting addition to the MAPS announcement is an email from their Illionois based attorneys, David & Hart.

It has come to our attention that there exist multiple internet-based avenues being used for defamatory and libelous speech against MAP.

Through our research, we have found many, if not all, of these claims to be without merit.

What “research” David & Hart did is unclear, but they apparently have failed to identify the blatant Ponzi scheme staring them in the face.

Advertising Funds will not be in MAP 2.0. Once we transfer all current members to MAP 2.0, the new accounts will not have Advertising Funds.

Current product codes will not be transferred because the new advertising system will be completely different.

The provided ETA on these changes is about six months, with the changes themselves likely just to be a new coat of paint on MAP’s “use newly invested funds to pay off existing investors” business model.

Oh and expect a bunch of reboot marketing hype too, as existing investors scramble to make back what they realize they’ve otherwise lost in the scheme (no influx of new investors = no ROI payouts).

In an attempt to screw investors out of as much funds as possible, MyAdvertisingPays also announced the following:

Membership fees will not be refunded.

Anyone with a certain credit pack level (number yet to be determined), will have a small monthly account maintenance fee.

In the meantime, MAPS advises

If you are an International Member;

Absolutely nothing will change for you! You will earn profits based on International sales, which are tremendous!

42 Comments on “MyAdvertisingPays abandon US, gear up for reboot”

It has come to our attention that there exist multiple internet-based avenues being used for defamatory and libelous speech against MAP.

i’m sure david&hart are referring to behindmlm too in their statement. another pain in the ass has been the FB page ‘my advertising pays- scam’ which has been reporting on MAPS on a daily basis.

questions are being raised about how the MAPS business in the US can be non profitable, since the US is one of the largest online advertising markets in the world. i mean, how can nigeria be a better online advertising market than the US?!

it is obvious that the fear of US regulators has caused MAPS to withdraw from there. or maybe they are already under investigation in the US already.

people are also claiming that this MAPs ‘reboot’ is similar to the end-of-days announcements from banners brokers, a ponzi scheme which was promoted by simon stepsys who is now a top MAPs promoter.

stepsys meanwhile, is busy removing posts from disgruntled american MAPs investors from his FB page!

the people over at ‘my advertising pays- scam’, had notified the Companies House UK, about MAPs being a ponzi scam.

as MAPs had not filed its annual accounts statement with the companies house UK, it’s registration in the UK was scheduled to be struck off on oct 14, 2015.

this would have meant that MAPs was no longer a UK company, and would have made it difficult for UK regulators and MAPs investors to take action against it.

however, in response to the emails from ‘my advertising pays- scam’, the companies house UK has decided not to strike MAPs off the registry, and has instead forwarded the matter to the Insolvency Unit for investigation.

it is also possible that the impending MAPs ‘reboot’ may work as an excuse to not make payouts to members over the holiday season.

generally payment requests swell during the holiday season and obviously ponzi schemes will not have the funds to honor these requests. therefore, this a good time to announce ‘changes’ and ask everyone to ‘cooperate’ and wait ‘patiently’.

meanwhile, what are the UK regulators doing? there has been press coverage about the MAPs ponzi scheme, and so much noise on the internet, it’s surprising they have not acted as yet.

Yes people have been going on about the Limited Company in the UK, it looks like they never used it, they registered an offshore company. MyAdvertisingPays (MAP) Limited. Which is different to the UK company.

MAPs has a recruitment event scheduled for the 20th october, at the ramada hotel in wrexham, UK.

i guess the guys at ‘my advertising pays – scam’ will be writing to the ramada hotel, informing them of the ponzi nature of the MAPs business. maybe they will attach the UK media coverage of MAPs too, to make a strong impression on the hotel management!

hotels have been cancelling MAPs events in the past because no one wants to play in ponzi mud, ramada is an international brand, they may want to preserve their reputation too.

Expect lawsuits to be taking a lot of people down pretty soon on this one. MAP is not going to take unfounded slander sitting down.

Let me give some very simple math to illustrate why MAP has bank accounts stuffed with cash right now and has no plans to hand it over to corrupt US ‘receivers’.

Simple put, if 100 people pay 100 dollars that is $10,000 of revenue and $12,000 in liabilities over 100 days (more or less). 95% of that is paid to Qualified viewing members.

Let’s imagine ALL (an unrealistic expectation) are qualified for revenue sharing. That would mean there would be be $9500 to cover $12,000 in liabilities for a 100 day cycle. Not sustainable right?

So, MAP needs to make how much extra income to just break even on these liabilities? $2500 right? $2500 plus $9500 is $12,000 to cover ALL liabilities in this example. Okay, so, let’s take just the membership fee.

To be able to be part of the revenue share requires a MINIMUM OF $25 a year.

So, 100 people times $25 is how much? $2500 right? So, just with the LOWEST cost membership fee all liabilities on these 100 member’s liabilities are covered.

Now that we are are break even for liabilities every else is GRAVY and goes into a RESERVE FUND. The owner makes most of his income from being a member as 5% is for company operations. So, what OTHER income is there?

To start,

1. Higher cost memberships, ($50 bi-annually and $100 bi-annually)

2. Banners bought by members or outside advertisers (all are outside revenue as no liability is attached)

3. Guaranteed Visitors (sold out in 7-10 minutes every time)

4. Spinning Wheel

5. MAPSense (coming and like Googlesense and will be ads published on sites like MINE which is more revenue for me and for MAP)

6. Vacation time: $5 a day

7. Credit Boosters $8 for 100 booster credits

All of the above is EXTERNAL income and sufficient to put this company in PROFIT every single day as memberships easily cover all current liabilities just in themselves according to my example.

The company operates on the 5%, the CEO earns mostly as a member like you and me, and WE get the bulk of all the revenue now and in the future when MAP is a MULTI BILLION company, and it will be.

So, where is the ponzi in this ONE level ‘pyramid’ scheme. Please correct me on my math if I am wrong. But, this is how I have analyzed the business model and what management tells me basically corroborates my thinking.

Disclosure: I am a member and I DO promote MAP because I do believe it will change a lot of lives for the better.

After is a multi-billion dollar company, who knows, it may consider venturing back into the USSA.

We shall see how uber communist the USSA is by then. It may be a permanent no go zone. 🙂

Wayne Nash: Expect lawsuits to be taking a lot of people down pretty soon on this one. MAP is not going to take unfounded slander sitting down.

What excellent news.

Currently there are hundreds, if not thousands of people across the globe who have their fingers and toes crossed, hoping it is them who is “sued” by the My Advertising Pays crack legal time.

Sitting down, or standing up, there is not a chance MAP or any other blatant ponzi is going to take the risk of appearing in a court to explain why theirs is the only business in the history of the planet which can make millionaires of people who click on ten advertisements a day.

Maybe you are right. This is OUR opinion based on what we know. However, what I presented above in plain math is FACT. This is exactly how MAP works in my experience.

I would like the NUMBERS to debated here to prove how this is a ponzi. Just ‘saying’ it is without explaining how my numbers are wrong does not hold much water with me.

I want to hear why my math is wrong, so I can correct, if wrong. If not wrong, then MAP is NOT a ponzi and will prove to be such over time as their bank accounts continue to fatten as they are fattening now. 🙂

Keep believing what you believe. I laid out the math. It works with 100 people or 100 million. I would stick around here if we could engage in an intelligent conversation. ‘Shut up!’ is not exactly how we get to the truth of any matter is it?

I supposed like global warming, this is ‘settled science’ as the world grows colder! This along with many other modern myths based on pseudo science, ad hominem attacks, and little facts or intelligent argument. You all have a number of false assumptions which lead to false conclusions.

Until you fix your assumptions and basic premises you will never be able to grasp what is going on around you.

I know EXACTLY what ponzi math. I have seen hundreds of them. I am the big sceptic when anyone brings something to my attention.

I was not sold on MAP in a 2 minute conversation. But, that is a long time ago as I am member #82 out of now 240,000 and growing.

So, you have my permission to carry on with your views. I will carry on with mine.

Let’s revisit this in about five years and see how things are standing. 🙂 Until then, I am out of here and wish you all the best.

Wayne Nash:
So, MAP needs to make how much extra income to just break even on these liabilities? $2500 right? $2500 plus $9500 is $12,000 to cover ALL liabilities in this example. Okay, so, let’s take just the membership fee.

To be able to be part of the revenue share requires a MINIMUM OF $25 a year.

Your legal logic is flawed. Membership fee will count as a part of the total money lost. You can’t use membership fee to balance the difference between investments and liabilities.

In ZeekRewards, even the purchase of retail bids counted as “money lost”. The bids could be used in auctions, i.e. they did have some value. But the auction did only act as a disguise for the Ponzi scheme, so it didn’t really have any real business function.

The income to cover a prospected ROI will need to come from a legitimate business venture — from external sources rather than from the participants themselves. A membership fee clearly comes from the participants themselves.

Paying for the right to participate in a revenue sharing program doesn’t really have any real, legitimate business function. It’s a part of the scheme itself, it’s not a legitimate source of revenue.

M Norway:
My suggestion is that you should aim for a lower standard. “Intelligent conversation” may not be the correct standard for you.

A lower standard can be “relatively meaningful conversation”. It will be easier to recognize than the “intelligent conversation” standard, so you won’t need to answer any difficult questions about your own ability to recognize it.

It will also be easier to live up to. You will have a fair chance to meet that standard yourself “with some practice”. 🙂

it seems MAPs is going to make it more and more difficult for US investors to get their money back:

Hello everyone,

The processor has changed their stance on automatically refunding all purchases within the last 30 days because the resulting workload on MAP would be significantly higher.

So, if you want a refund, please contact our support desk by clicking on the yellow Submit Ticket button at the top right of your screen.

We are going to be hiring a call center, on a temporary basis, to call those of you that have made a purchase using STP or VX within the last 6 months so that you clearly understand your options. If you’ve already selected one of the options, you can just share that with the call center.

We want to make sure everyone is taken care of and treated fairly. We should have a call center hired within the next couple of days.

We are continuing to make good progress on our workload and we sincerely appreciate everyone’s patience.

MyAdvertisingPays

if MAPs is shutting down its US business, why does it need US investors to contact them and ask for refunds?

why doesn’t MAPs just refund the money?

as i see it, they will keep creating ‘delays’ and ‘problems’ till everyone moves on.

now they need a call centre, tomorrow they may need a flock of pigeons to fly US refunds back. anything is possible.

This message is written on behalf of some the 10,000+ USA map subscribers.

We are writing to you to let you know that we have some great concerns in regards to the recent decision to abandon the USA.

We appreciate all that you have done so far for us in regards to providing a medium to be able to supplement our income. As usual results are not typical.

1) We totally understand the basis for withdrawing from the USA. It’s business. We get it. No problem.

2) We also appreciate all the newly enlisted people getting their refund if packs were bought 30 days or less. Again, full refund is expected and we appreciate that.

3) What we disagree with are the 10000 + of people who helped build this company and are getting screwed. Again, moving out of the USA was a choice versus mandatory. Either way.

That’s fine. But Ethically, you have to fulfill your moral obligations to them because you entered into a contract with them when you accepted their payment of $49.99 per pack, promising them a return of $60.00 minus $3.00 within roughly a 100 days to mature.

And I quote “until you have received $60.00 in return” which they signed and agreed to by Maps when they purchased each pack.

4) The current lump sum settlement is roughly 1/3 to 1/4 of the value promised. Which does not make any sense.

So basically you are paying them $.25 to $.33 of a $1.00. Not Fair. They have worked tirelessly for months and months bringing in referrals and building the company.

5) For example: someone with 300 packs as of October 15th 2015 should have received 300 X $60 minus $3.00 = $17,100.00 for lump sum amount or give them 100 days for the packs to expire from the “entire pot” and for them to withdraw the total amount of $17,100.

Instead, you moved them into a “slow earning pot” like $.20 a day which will take over 2 years. Lol.. That’s not ethical. You changed the terms of the agreement on October 15th by moving them into another pot which you have mentioned publicly.

They met their obligations by purchasing packs, clicking on 10 ads daily and sticking with the plan prior to October 15th.

6) I call on you Mr Deese (The Owner), the board, the attorneys (Mr Herpy Sr) for maps to carefully review these statements and concerns so that an ethical compromise can be reached on behalf of the 10,000+ subscribers in the USA.

7) We will like to move on with our lives and pursue other ventures but make no mistake, we want to get this resolved amicably and as quickly as possible so that everyone can return to the business at hand.

But, if not, we will pursue this to the fullest extent possible across continents.

We are currently in consultation with Morgan and Morgan Law Firm and await to see your decision before we move forward.

Again, thank you for all that you have done over the years and we look forward to an ethical policy change to meet item number 3.

Thanks

On behalf of some of the US Subscribers.

but, will a US court consider the request of investors to be paid their ROI’s in a ponzi scheme? do contracts have any value when the business itself is illegitimate?

bahrin was the former managing director of bank raykat in malaysia, which is a govt appointed post.

it is shocking to see that a politically appointed former director of a bank, can be actively promoting a fraud like MAPs to the extent of becoming a ‘diamond member’.

but again malaysia, as we have seen in the ufun/unascos ponzi schemes, seems to have its top businesspeople and politicos involved in and protecting ponzi schemes.

Boom Boom !!!! Let’s congratulate our 5th Diamond in Malaysia Dato Dr.Zainul Bahrin a former Managing Director of Bank Rakyat in Malaysia..
His believe in MAP has always been very high and today he get his reward.

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